Proof for brokerage paid to indivigual on sale of house

NARENDRAN C (Querist) 06 August 2017 This query is : Resolved
Dear Experts,
I had paid brokerage of 2.25 lakhs by cheque to an indivigual broker for House sold . The broker did not issued any invoice. I want to deduct brokerage on Long term capital gain. As evidence for IT purposes, can i make a reciept format and get it signed from the broker in a plain paper?. please guide me to make proof for this payment. Thanks in advance.

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Rajendra K Goyal (Expert) 06 August 2017
You should have deducted and deposited TDS on this brokerage.

Obtain a receipt of the brokerage paid.

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NARENDRAN C (Querist) 06 August 2017
Thank you sir. But it is not mandatory for an individual except tax audit to deduct tax . I can obtain receipt mentioning cheque payment from the broker sir. Is it sufficient sir. Thanks sir.

Hemant Agarwal (Expert) 07 August 2017
1. "IF" brokerage amount is paid by Cheque, THEN the Bank Statement mentioning the brokerage name & amount is legally sufficient for claiming the expected Tax Gains.

2. FURTHER a plain paper receipt duly signed or not signed by the brokerage firm, would also suffice for the Tax purposes.

Keep Smiling .... Hemant Agarwal
VISIT: http://www.maharashtra-society-help-forum.com

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NARENDRAN C (Querist) 07 August 2017
Your advise is very helpful to me.Thank you very much sir.

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